New Toronto is now a neighbourhood in transition, as the industrial corridor located at the north end of the community is being redeveloped after having been vacant and fallow for many years. Industry that gradually moved out of New Toronto over the years is now being re-established, in addition to institutional uses. New Toronto also has a high senior citizen population.

The area contains a large amount of government-assisted housing between 9th and 13th Streets, north of Lake Shore Blvd.

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